Nikon Corp. (OTCMKTS:NINOY) Sees Large Decline in Short Interest

Nikon Corp. (OTCMKTS:NINOY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 788 shares, a decline of 76.6% from the June 30th total of 3,364 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,792 shares, the days-to-cover ratio is presently 0.1 days.

Nikon Stock Up 2.6%

OTCMKTS:NINOY opened at $13.68 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.97 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $12.97 and its two-hundred day moving average is $12.47. Nikon has a 52 week low of $9.45 and a 52 week high of $15.00. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of -8.09 and a beta of 0.47.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Nikon had a negative net margin of 12.40% and a negative return on equity of 13.46%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.17 billion.

About Nikon

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.